05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
Market Update
The CME values were under pressure for the start of the week. Corn was down $0.1175 to $5.84/st for the day due to better-than-expected planting progress and weak export business. Soybeans were down by $0.1950 to $14.14/st due to fast paced planting and high product values. Soymeal slipped by $7.90 to $419.00/st while wheat was mixed to lower by $0.1050 to $6.43/st.
Crop Progress Week Ending May 7
This past week of the USDA’s Crop Progress report has corn growing states showing 12 of 18 states reporting planting progress over 25 percent, five more than at this point last year. Planting progress this week is seven points over the five-year average planting pace of 42percent. Texas is the furthest along and has planted 77 percent of its corn crop as of May 7th, up four poin.ts from the week prior. Soybeans emerged are at 12 percent for the 18 states, up seven-points from last year and up on-points from the five-year average
Soyb…